This graph shows the impact of a:

binding price floor

nonbinding price floor

binding price ceiling

nonbinding price ceiling

none of the above

At the price P bar, there is a ____ in this market:

shortage

surplus

none of the above

Relative to the competitive market equilibrium, at price P bar, firms lose profit equal to area(s):(select all that apply)

A

B

C

D

E

Relative to the competitive market equilibrium, at price P bar, some consumers gain and some consumers lose.Which area do consumers gain?(select all that apply)

A

B

C

D

E

Relative to the competitive market equilibrium, at price P bar, some consumers gain and some consumers lose.Which area do consumers lose?(select all that apply)

A

B

C

D

E

What is the dead weight loss associated with price P bar?(select all that apply)

A

B

C

D

E

5 A P - C D